GBP1.7 billion warchest to destroy union - Williams & Thompson

[daveyeff]

RM communications. has that got nowt to do with Thompson then?

[Acca Dacca]

WAR.jpg

Its either available or it isnt.

They have contradicted themselves.

Lying again.

[A2B]

Maybe the rumour that not all the board were singing from the same hymn sheet is true?

[clashcityrocker]

Its either available or it isnt.

I have a credit card with a £10 000 limit.
It is available .....but not at a cost I can afford.

[Acca Dacca]

Its either available or it isnt.

I have a credit card with a £10 000 limit.
It is available .....but not at a cost I can afford.

You have access to it though. They are saying they dont.

Are you telling people you have £10,000 in available liquid?

[TopperGas]

[quote=clashcityrocker post_id=1022459 time=1671220440 user_id=9963]
[quote="Acca Dacca" post_id=1022425 time=1671217816 user_id=9481]

Its either available or it isnt.

[/quote]
I have a credit card with a £10 000 limit.
It is available .....but not at a cost I can afford.
[/quote]

It'd more like a current account agreed overdraft facility, there's nothing stopping you dipping into it if you need it, just as long as you can afford the interest charges.

Regardless the fact that the business has access to nearly a £1m in cash plus the the overdraft facility hardly makes it sound like it's going to go bust of the IA continues for a few more months?

[enskied]

Sorry people, we lied again.
We don't have a big warchest. We have lots of debt, loans and a mortgage.

But let's save Christmas team !!

[k979aaa]

RM communications. has that got nowt to do with Thompson then?

Do you all really think they themselves know what they are doing? They all have 5 or 6 different jobs outside Royal Mail this is not uncommon but their attitude is they think about something but cannot agree on it as they are on different jobs at the same time.
And hence one person let slip what they have to break the union throwing money left right and center wasting money for the sake of it and to drive down the share price.
This is a FIRE SALE on a public institution called by the chief of fire sales one Simon Thompson!

[Dorset Plodder]

So basically you were lying out of your Arse?

I wish some grown ups would take over control of this company, this is like arguing with my Grandkids!

[SogladIvotedBrexit]

ppppp

[Halfhappy]

It’s always worth remembering a billion is a 1000 million. They spaffed 800m in less than a year so it’s only roughly half that.

Sounds like rubbish to me. Maybe they are weighing in the super hub for scrap and selling their assets to fund it.

There's something new you learn everyday: a billion is a thousand million. I must remember that.

People often use the two figures interchangeably. It's pretty eye opening when u realise a million seconds is about 12 days, and a billion seconds is about 32 years. The wealth billionaires hold, they can never spend. Royal Mail's £1.7 billion war chest could cover the million pounds a day loss for somewhere between 4 and 5 years... I think.

[steve1873]

WAR.jpg

Eg a bit like money individuals may have in a bank or savings account.

They must think we are all ******* idiots!

[k979aaa]

If we lost a million pounds a day what is the first thing you would cut
Management
EV vehicle purchases
MANAGEMENT BONUSES
the coffee machine
uniform
staff wages
or the idiots who got us in this mess
answers on a postcard probably get it in 2024

[SogladIvotedBrexit]

ppppp

[k979aaa]

It’s always worth remembering a billion is a 1000 million. They spaffed 800m in less than a year so it’s only roughly half that.

Sounds like rubbish to me. Maybe they are weighing in the super hub for scrap and selling their assets to fund it.

There's something new you learn everyday: a billion is a thousand million. I must remember that.

People often use the two figures interchangeably. It's pretty eye opening when u realise a million seconds is about 12 days, and a billion seconds is about 32 years. The wealth billionaires hold, they can never spend. Royal Mail's £1.7 billion war chest could cover the million pounds a day loss for somewhere between 4 and 5 years... I think.

Aside from Royal Mail's £1.7 billion war chest being fake news - it's all a drop in the ocean in comparison to the £3600000000 Elon Musk paid for Twitter.

Wonder how much Royal Mail Chat is Worth?
A greasy bag of chips perhaps.

Worth more than your s**t comments suck it up big guy while your jerking yourself to death!